Multifamily
220 N San Mateo Dr
220 N San Mateo Dr, San Mateo, CA 94401
Listing Price: $4,380,000
Investment Overview
Situated on a large 18,700 square foot parcel of land, the subject property was originally
constructed in 1938 and features a gross building area of approximately 4,310 square
feet, offering tenants spacious one-bedroom floor plans. Approximately half of the
the subject property is currently undeveloped vacant land offering a value-add opportunity
with the development of ADUs or a complete redevelopment to various uses.
220 N San Mateo Dr
Investment Highlights
- Incredible Redevelopment Opportunity - 220 N San Mateo Dr presents an incredible redevelopment opportunity with its favorable E2-1.5 zoning and large lot size.
- ADU Development Potential - Per California State Law (SB 1211), investors have the option to develop up to 8 detached ADUs in addition to 2 ADU conversions of existing non-habitable spaces.
- Prime San Mateo Location - The subject property is located just blocks from Downtown San Mateo and within close proximity to Downtown Burlingame, both popular areas featuring a myriad of diverse retai
Exclusively Listed By
Listing Price: $4,380,000
Investment Highlights
- Incredible Redevelopment Opportunity - 220 N San Mateo Dr presents an incredible redevelopment opportunity with its favorable E2-1.5 zoning and large lot size.
- ADU Development Potential - Per California State Law (SB 1211), investors have the option to develop up to 8 detached ADUs in addition to 2 ADU conversions of existing non-habitable spaces.
- Prime San Mateo Location - The subject property is located just blocks from Downtown San Mateo and within close proximity to Downtown Burlingame, both popular areas featuring a myriad of diverse retai
Investment Overview
Situated on a large 18,700 square foot parcel of land, the subject property was originally constructed in 1938 and features a gross building area of approximately 4,310 square feet, offering tenants spacious one-bedroom floor plans. Approximately half of the the subject property is currently undeveloped vacant land offering a value-add opportunity with the development of ADUs or a complete redevelopment to various uses.
Exclusively Listed By
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